Is New Light Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing New Light Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, New Light Township has remained a Seller's Market.

Key Takeaway

New Light Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in New Light Township, NC

How much do homes in New Light Township, NC cost?

Median Sold Price

$900,000

$243/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$25,816(-2.8%)

Key Takeaway

Homes in New Light Township have sold for 2.8% less than they did a year ago.

Summary: The median home sold price in New Light Township was $900,000 in November 2024, down 2.8% from last year, and the median price per square foot was $243.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $118K-
N/A
2 $321.5K$270K
-16.0%
3 $641K$615K
-4.1%
4 $967.5K$900K
-7.0%
5+ $961.8K$1.2M
+28.4%

Summary: New Light Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 28.4%.

Median Sold Price Compared To Nearby Cities

Carr Township
+9.9%
Bartons Creek Township
+9.6%
Dutchville Township
+3.2%
Wake Forest Township
0.2%
New Light Township
-2.8%

Housing Supply in New Light Township, NC

How many homes are available in New Light Township, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8165-19.8%

Summary: The New Light Township real estate market had 65 homes for sale in November 2024, a 19.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1411
-21.4%
4 5036
-28.0%
5+ 1718
+5.9%

Summary: The New Light Township housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 21.4%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2213-40.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in New Light Township, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in New Light Township in November 2024, down by 40.9% month-over-month. Of the 13 sold homes, 15% were sold under asking, 46% were sold at asking, and 38% were sold over asking.

Days on Market for New Light Township, NC

How long does it take to sell a home in New Light Township, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
124 Days51 Days-58.9%

Summary: Homes in New Light Township had an average of 51 days on market in Nov 2024, down by 58.9% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in New Light Township are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 13 homes were sold in New Light Township; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in New Light Township, NC

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